CTI Industries, a manufacturer and marketer of foil balloons, vacuum sealing systems, latex balloons, printed and laminated films, and home organization products, will purchase two new foil balloon converting machines.
The machines are on order and are expected to be in production by April 2017.
Stephen Merrick, President of the Company, stated: "We expect the new converting machines to increase our production capacity for foil balloons by 25% to 30%. This new capacity is needed to meet our growing volume of foil balloon sales in all of our markets including the United States, Mexico, the United Kingdom and Europe.
"We also expect to achieve some efficiencies in cost as our unit volume of production increases and as we produce some of our products at our plant in Guadalajara."
